Simple table to show the values for indicators which can be used to initiate trades: RSI: Long above 55 // Short below 45 // Choppy between 45-55 DI+: Long above 25 DI-: Short above 25
Note when to avoid trend trades: - If DI+ and DI- are both below 25 then market is choppy - If RSI is between 45-55 then market is choppy
can you combine DI+ DI- diffrence percentage value to green or red color . It will be easy to identify momentum stock with adx and difference percentage .
burakcal
⋅
Thanks
sanjiv198
⋅
Hi, Mr. Sodhi, thanks for such a beautiful dashboard. I guess it is same as S@NC@LP Sir. Can you write pinescript to draw levels(Bullish/Bearish Breakout and BPCO) like him on the chart and also volume candles, trend reversals and entry/exit signals. Thanks
jatinder.sodhi
⋅
Thank you @sanjiv198, yes it is the same logic as per S@NC@LP. I tried lots of indicators for BPOC but could not find the same. The closest I could find that resemble BPOC are: 1. CPR: DGT Pivot (Prev HTF OHLC) 2. Fibonacci levels MTF - LonesomeTheBlue 3. RUMPYS_DW_AUTOFIBS 4. Support Resistance - Dynamic - LonesomeTheBlue 5. VWAP Pivots - rumpypumpydumpy 6. Volume-based Support & Resistance Zones V2 7. Volume Profile [LUX] - LuxAlgo 8. Volume Profile / Fixed Range - LonesomeTheBlue 100/24 on 3m settings 9. CPR by KGS
These are a lot of scripts and are by wizards and all are free and open source so you can check them out. Actually now I have started to reduce using indicators altogether and just trying to master price action for day trading 5m BankNifty charts. All the best.
AreeratNualsopha
⋅
Thank you so much 😊
jatinder.sodhi
⋅
@areeratgis, you are most welcome
SALIMTAI
⋅
How to aproach Mr.jatinder Sodhi I need some help from him. Thank